Castro Valley Short Sale Realtor Discusses November Real Estate Stats

Your Castro Valley short sale Realtor Scott Fuller has some updated housing stats including short sale stats for November 2012. There’s been a lot of activity over the last year, as we’ve seen. A lot of buyers, a lot of cash investors coming out of the wood works and basically ready to put their money in, which has created a lot of competition and an environment where there’s a decreasing amount of inventory.

If we look at November of 2011, there were 85 active listings in Castro Valley. If we fast forward a year, November 2012, there were only 28 active listings, so about a 60% decrease in the number of active listings year-over-year. We see that inventory levels are certainly down quite a bit. The number of properties sold in Castro Valley in November of 2011 were 38. Fast forward now to November of 2012, 41 properties sold that month. So roughly the same year-over-year for that particular statistic.

The months supply of inventory is what we’ve seen go down drastically pretty much everywhere in Alameda and Contra Costa County. The months supply of inventory for November of 2011 was 1.6 months. November of 2012 that dropped down to about a half of a month supply of inventory. That’s been a huge difference right there. Again, you’re seeing that when you’re going to put in bids for properties and the asking prices are going up and multiple offers and that sort of thing. Median sales price is roughly the same, right around $450,000. The average days on market is about 77 days in Castro Valley, which is about the average of what we’re seeing in Contra Costa and Alameda County.

Your Castro Valley short sale realtor Scott Fuller expects to see inventory levels stay pretty low through the end of 2012 into the first couple of quarters of 2013. To learn more about how your Castro Valley short sale realtor Scott Fuller can help you sell your home as a short sale, please contact us. You can also learn more about the short sale services we provide in Castro Valley on our YouTube Channel.

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“I found Scott to be an honest and straightforward person in his approach to his work and knowledge. Scott quickly proved to be a viable and trusted expert as he clearly explained the process in our initial meeting. Perhaps his most impressive and critical job that he handled with ease was his ability to hide the stress from me and my family while we went through the selling process. I would recommend him without reservation to any prospective seller, whether they are short-selling or selling conventionally. ”— Dan Maloney